PowerCompute posts Q2 revenue gain, widens net loss

PowerCompute (NASDAQ: PWCM ) reported second-quarter financial results on Friday.

The transcript from the company's second-quarter earnings call has been provided below.

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For comprehensive financial data and transcripts, visit Access the full call at Summary PowerCompute reported total revenue of $2.1 million for Q2 2026, a 9.8% increase year-over-year, driven by an increase in Bitcoin mining activities.

The company is transitioning its business model to include hosting, AI infrastructure, and high-performance computing, leveraging its 26 megawatts of owned power capacity.

A proof-of-concept deployment with a single GPU was initiated, aimed at gaining operational experience in AI compute, with future revenue potential estimated between $20 to $50 million annually upon full buildout.

PowerCompute refinanced its debt with Arch Lending, reducing interest expenses and allowing the company to retain Bitcoin holdings as collateral.

Net loss for the quarter was $4.6 million, largely due to losses on digital assets and increased interest costs, compared to a net income of $100,000 in the prior year.

Management emphasized the strategic importance of low-cost power and the potential market for AI compute, while also focusing on liquidity management and operational scaling.

Full Transcript OPERATOR Good day and thank you for standing by.

Welcome to the PowerCompute second quarter 2026 earnings conference call.

At this time, all participants are in a listen-only mode.

After the speaker's presentation, there will be a question-and-answer session.

To ask a question during the session, you'll need to press star 11 on your telephone.

You will then hear an automated message that your hand is raised.

To withdraw your question, please press star 11 again.

Please be advised today's conference is being recorded.

I would like to hand the conference over to your speaker today, Bill Carlson.

Please go ahead.

Bill Carlson, Investor Relations Thank you, operator, and thank you all for joining us on PowerCompute's second quarter 2026 earnings conference call.

Joining us today are Chairman and Chief Executive Officer Bruce Rogers, Chief Financial Officer Richard Russell, and President of U.S.

Digital Mining, Ryan Duran.

An accompanying supplemental investor presentation has been posted under the Events section of our Investor Relations website.

Before we begin, please note that today's remarks include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

These statements are not guarantees of future results and are subject to risks and uncertainties that could cause actual results to differ materially.

Important factors include, among others, our ability to retain the listing of our securities on the NASDAQ Capital Market; our liquidity and our ability to obtain additional financing on acceptable terms; the short-dated nature of our credit facility and our ability to renew it; the early stage of our AI infrastructure business and our lack of operating history in it; the volatility of Bitcoin prices and risks related to the use of Bitcoin as collateral; and our ability to secure customers and capital for any conversion of our power capacity.

Any statements regarding the potential revenue opportunity from a full buildout of our power capacity are illustrative estimates only.

They are not guidance, not a forecast for any period, and are subject to substantial execution, capital, and market risks.

We will also reference certain non-GAAP financial measures.

Please refer to our Form 10-Q for a full reconciliation to the most comparable GAAP measures and to our SEC filings and the Investors section of our website at power-compute.com/investors for a more comprehensive discussion of these and other risks.

I will now turn the call over to Chairman and Chief Executive Officer Bruce Rogers.

OPERATOR Bruce, please go ahead.

Bruce Rogers, Chairman and Chief Executive Officer Thank you and good morning, everyone.

This is a transformational time for our company.

In July we expanded our business to include hosting, AI infrastructure, and high-performance computing to take advantage of the 26 megawatts of power under our control.

As of July 22, we trade on NASDAQ under our new name PowerCompute and our new ticker PWCM.